Dairy Markets Week in Review

Friday’s reported drop in milk output was a lift to the cash cheese market. The block price jumped 8 1/4-cents, closing the week at $1.4125, but that’s still 52 3/4-cents below that week a year ago. Barrel closed Friday at $1.3775, up 8 3/4-cents on the week, but 57 1/2-cents below a year ago. Six cars of block traded hands on the week and two of barrel. The NASS-surveyed U.S. average block price lost 3.6 cents, averaging $1.3359. Barrel averaged $1.2942, down 4.5 cents.

Cash butter closed at $1.2600, down a penny on the week, and 48 3/4-cents below a year ago. 16 cars were sold. NASS butter averaged $1.1774, up 0.7 cent.

Cash Grade A nonfat dry milk finished the week at $1.0650 per pound, up 2 1/2-cents on the week, and Extra Grade closed at $1.0100 up a penny. NASS powder averaged 98.50 cents, up 1.3 cents, and dry whey averaged 30.17 cents, up 0.6 cent.

Provided courtesy of Dairyline.